Brent crude futures surged over 3% to $90.79 a barrel, marking its highest level since June 11, following a 15.9% gain last week. This sharp increase is attributed to intensified attacks by the United States and Iran in the Middle East, which have disrupted energy shipments, particularly in the critical Strait of Hormuz. US West Texas Intermediate crude also rose 2.65% to $84.68. Continued oil price volatility could influence global inflation and potentially impact international gold prices, which in turn affects local gold and currency rates in Pakistan.
بحوالہ / Source: www.brecorder.com